Standard Chartered to expand crypto custody services in Singapore
The bank said the service would extend its existing crypto custody footprint in the UAE, Luxembourg, and Hong Kong.
Standard Chartered economist Tim Leelahaphan anticipates the Bank of Thailand (BoT) to maintain its policy rate at 1.0% through 2026 and 2027, focusing on economic growth rather than inflation. The central bank's hesitation to adjust rates could be due to asymmetric risks: tight monetary policy may be gradual, while cuts could be quicker if domestic growth slows.
Although other major and regional central banks are raising rates, the BoT may still face pressure to tighten. However, a sharp decline in domestic inflation is unlikely, as it remains within the BoT's 1-3% target range. Growth forecasts, however, may prove challenging due to ongoing economic uncertainty. Meanwhile, geopolitical tensions and hawkish Federal Reserve minutes support the US Dollar, which may continue to benefit from these developments.
Gold is under pressure, and Ethereum researcher Justin Drake warns the crypto industry to prepare for potential threats to cryptographic systems securing digital assets.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
